National's fiscal plan rules out income tax cuts until after 2029 to pay down debt
National Party leader Christopher Luxon and finance spokeswoman Nicola Willis have presented the party's formal fiscal plan ahead of the upcoming election, ruling out tax cuts before 2029 to prioritise paying down crown debt. Willis stated that tax relief will only be considered once government accounts return to a sustainable surplus, which Treasury forecasts by 2028/29. The plan sets aside $15.4 billion over four years for healthcare funding and extends the free school lunch scheme with $451.8 million in funding, offset by $1 billion in spending cuts that target foreign aid and welfare administration. Labour criticised the coalition's fiscal credibility, while Willis pledged to introduce an independent policy costings unit ahead of the 2029 election. Also in this briefing: Māori face TB rates five times higher than Pākehā, study warns.
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National delayed broad income tax cuts until at least twenty twenty-nine to focus on debt.
Health receives fifteen point four billion dollars while foreign aid faces major spending cuts.
Westpac reduced economic growth forecasts to two point five percent and predicts falling house prices.
Māori suffer tuberculosis rates nearly five times higher than New Zealand Europeans.
Narrow contact tracing and delayed clinical diagnoses worsen community tuberculosis transmission among Māori.
- 01Intro1 min
- 02National's fiscal plan rules out income tax cuts until after 2029 to pay down debt: The Policy and Numbers2 min
- 03National's fiscal plan rules out income tax cuts until after 2029 to pay down debt: Political Fallout and Next Steps2 min
- 04Where things stand1 min
- 05Māori face TB rates five times higher than Pākehā, study warns2 min
- 06Outro1 min
- National Fiscal Plan: No Tax Cuts Before 2029
- National fiscal plan 2026 no tax cuts surplus 2029 new zealand
- youtube.com
- National’s fiscal plan: No tax cuts but a fight over health spending | The Spinoff
- 1.8K views · 381 reactions | Here’s what National’s fiscal plan means for you | Christopher Luxon
- 'Now is not the time': Tax cuts off the table, Nicola Willis says
- Act’s fiscal plan: Deeper cuts, earlier surplus, but no income tax cuts | The Spinoff
- nzmj.org.nz
- Researcher calls for a Māori-specific strategy to eliminate tuberculosis
- TB Crisis: Māori Five Times More Likely to Develop Tuberculosis as Researchers Call for Urgent Health System Overhaul - Waatea News: Māori Radio Station
- Towards tuberculosis elimination for Māori
- Implementing a new partnership model for elimination of tuberculosis for Māori
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